Milwaukee-based startup Advanced Ionics plans to use the $4.2 million it secured through its first funding round to launch several pilot projects in 2023. Part of the funding will help accelerate the company’s product development.
In late April, Advanced Ionics announced the close of its seed round, led by Boston-based Clean Energy Ventures. The company’s Symbiotic Electrolyzer Technology uses low-cost renewables or nuclear energy to produce green hydrogen for less that the current cost of fossil fuel-derived hydrogen.
From a young age, Chad Mason, founder and chief executive officer of Advanced Ionics, knew the importance of decarbonization. He grew up on a family farm in central North Dakota, where he first observed large energy usage.